U.S. spat with France over tech tax stunts European market gains

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European markets rose Thursday after Federal Reserve Chairman Jerome Powell’s dovish comments, but gains were limited as the U.S. became embroiled in a spat over France’s digital tax plans.

Powell’s testimony on Wednesday appears to have put an end to the downward trend that has plagued markets since strong U.S. jobs data called into question the Fed’s plans for further rate cuts.

Hear James Bentley’s thoughts on this today.

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